Romanian car GPS tracking start-up Tracknamic, based in the western city of Oradea, has attracted an investment from the Danish company Kompetence Skaber V√Ękst, according to shareholders decisions published in the Official Gazette.

The Danish firm has acquired 33 percent in Tracknamic from its founders – Ciprian Ciuciu, Istvan Barta and Cristian Gherlea.

The company was founded in Oradea in 2016 and posted total turnover of around EUR 150,000 in 2017, according to Finance Ministry data.

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